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KSL/Purchase Closing Docs - 20020 Fidelity National Title Company 7344 Magnolia Avenue, Suite 275 • Riverside, CA 92504 18001 9407794 • FAX 19091 837 -1935 DATE: June 27, 2002 TIME: 14:14:50 ESCROW NO: 140678 -LRC ESCROW OFFICER: Lisa R. Conlin, Vice President CLOSING DATE: June 27. 2002 BUYER FINAL CLOSING STATEMENT SELLER(S): KSL Land Holdings, Inc. BUYER(S): La Quinta Redevelopment Agency PROPERTY: The Ranch, La Quinta, CA $ DEBITS FINANCIAL: Total Consideration 42,500,000.00 Deposit - City of La Quinta Pub Agt La Quinta fbo La Quinta Redevelopment Agency Deposit - City of La Quinta fbo La Quinta Redevelopment Agency Deposit - City of La Quinta fbo La Quinta Redevelopment Agency Deposit - City of La Quinta fbo La Quinta Redevelopment Agency Deposit - City of La Quinta fbo La Quinta Redevelopment Agency Savings Interest Savings Interest PRORATIONS /ADJUSTMENTS Prepaid County Taxes at $1,432.79 Semi - Annual from 31.84 06/27/02 to 07101/02 APN 770 - 200 -009 -5 - Prepaid County Taxes at $1,794.97 Semi - Annual from 39.89 06/27/02 to 07/01 /02 APN 770 - 200 -010 -5 Prepaid County Taxes at $1,995.92 Semi - Annual from 44.35 06/27/02 to 07/01 /02 APN 770 - 260 -017 -8 Prepaid County Taxes at $995.76 Semi - Annual from 22.13 06/27/02 to 07/01/02 APN 772- 150 -001 -7 Prepaid County Taxes at $1,840.73 Semi - Annual from 40.91 06/27/02 to 07/01/02 APN 772- 150 -002 -8 Prepaid County Taxes at $763.73 Semi - Annual from 16.97 06/27/02 to 07/01 /02 APN 772 - 150 -003 -9 Prepaid County Taxes at $8,122.54 Semi - Annual from 180.50 06/27/02 to 07/01102 APN 772 - 150 -004 -0 Prepaid County Taxes at $446.62 Semi - Annual from 9.92 06/27/02 to 07/01/02 APN 772 -150 -006 -1 Prepaid County Taxes at $636.32 Semi - Annual from 14,14 06/27102 to 07/01/02 APN 772 - 290 -002 -1 Prepaid County Taxes at $5,733.84 Semi - Annual from 127.42 06/27/02 to 07/01/02 APN 772 - 290 -003 -2 Prepaid County Taxes at $2,691.09 Semi - Annual from 59.80 06/27/02 to 07/01 /02 APN 772.290 -004 -3 Prepaid County Taxes at $2,093.06 Semi - Annual from 46.51 06127/02 to 07/01 /02 APN 772 - 290 -006 -5 Prepaid County Taxes at $12,873.28 Semi - Annual 266.07 from 06/27/02 to 07/01 /02 APN 772 - 290 -007 -6 Prepaid County Taxes at $1,522.84 Semi - Annual from 33.84 06/27/02 to 07/01/02 APN 772 - 290 -009 -8 Prepaid County Taxes at $4,230.13 Semi - Annual from 94.00 06/27/02 to 07/01/02 APN 772 - 290 -010 -8 Prepaid County Taxes at $3,177.70 Semi - Annual from 70.62 06/27/02 to 07/01/02 APN 772 - 290 -011 -9 Prepaid County Taxes at $129.90 Semi - Annual from 2.89 06127/02 to 07/01 /02 APN 772 - 290 -012 -0 Prepaid County Taxes at $16,434.12 Semi - Annual 365.20 from 06127/02 to 07/01/02 APN 772 - 290 -014 -2 Prepaid County Taxes at $4,275.39 Semi - Annual from 95.01 06/27/02 to 07/01 /02 APN 772 - 290 -016 -3 Prepaid County Taxes at $1,936.56 Semi - Annual from 43.03 06/27/02 to 07/01/02 APN 772 - 290 -016 -4 Prepaid County Taxes at $788.37 Semi - Annual from 17,52 $ CREDITS 100,000.00 150,000.00 38,138,698.08 3,567,171.42 565,117.75 126.57 2,107.70 uate: June 27, 2002 Escrow No: 140678 -LRC 06/27102 to 07/01/02 APN 772 - 310 -002 -2 Prepaid County Taxes at $1,026.37 Semi - Annual from 22.81 06/27/02 to 07/01/02 APN 772- 310 -004 -4 Prepaid County Taxes at $14.37 Semi - Annual from 0.32 06/27/02 to 07/01 102 APN 772- 310 -005 -5 Prepaid County Taxes at $2,427.11 Semi - Annual from 53.94 06/27/02 to 07/01/02 APN 772- 310 -006 -6 Prepaid County Taxes at $5,465.62 Semi - Annual from 121.46 06/27/02 to 07/01 /02 APN 772- 310 -009 -9 Prepaid County Taxes at $484.61 Semi - Annual from 10.77 06/27/02 to 07/01 /02 APN 772. 310 -010 -9 Prepaid County Taxes at $3,216.65 Semi - Annual from 71.48 06/27/02 to 07/01/02 APN 772- 310 -011 -0 Prepaid County Taxes at $4,290.48 Semi - Annual from 95.34 06/27/02 to 07/01 /02 APN 772- 310 -012 -1 Prepaid County Taxes at $1 5,357.89 Semi - Annual 341.29 from 06/27/02 to 07/01 /02 APN 772- 310 -014 -3 Water District $350.00 Annually from 06/27102 to 3.89 07/01/02 APN 770 - 200 -009 Water District $450.00 Annually from 06/27/02 to 5.00 07/01/02 APN 770 - 200 -010 Water District $250.00 Annually from 06/27/02 to 2.78 07/01/02 APN 772- 150 -001 Water District $450.00 Annually from 06127/02 to 5.00 07/01/02 APN 772 - 150 -002 Water District $1 50.00 Annually from 06/27102 to 1,67 07/01/02 APN 772 -150 -003 Water District $2,250.00 Annually from 06/27/02 to 25.00 07/01/02 APN 772 -150 -004 Water District $100.00 Annually from 06/27/02 to 1,11 07101/02 APN 772 - 150 -005 Water District $4,650.00 Annually from 06127/02 to 51.67 07/01/02 APN 772 - 290 -014 Water District $1,050.00 Annually from 06/27102 to 11.67 07/01102 APN 772 - 290 -016 Water District $1,450.00 Annually from 06/27/02 to 16.11 07/01/02 APN 772- 310 -009 Water District $1,100.00 Annually from 06/27/02 to 12.22 07101/02 APN 772- 310 -012 Water District $150.00 Annually from 06/27/02 to 1,67 07/01/02 APN 772 - 290 -002 Water District $1,500.00 Annually from 06/27102 to 16.67 07/01 /02 APN 772 - 290 -003 Water District $650.00 Annually from 06/27/02 to 7.22 07/01/02 APN 772 - 290 -004 Water District $2,200.00 Annually from 06/27102 to 24,44 07/01/02 APN 772 - 290 -007 Water District $350.00 Annually from 06/27/02 to 3.89 07/01/02 APN 772 - 290.009 Water District $1,050.00 Annually from 06/27/02 to 11,67 07/01102 APN 772 - 290 -010 Water District $800.00 Annually from 06/27/02 to 8,89 07101/02 APN 772 - 290 -011 Water District $450.00 Annually from 06/27/02 to 5.00 07/01 /02 APN 772 - 290 -015 Water District $600.00 Annually from 06/27/02 to 6.67 07101/02 APN 772- 310 -006 Water District $100.00 Annually from 06/27/02 to 1,11 07/01/02 APN 772- 310 -010 - Water District $4,300.00 Annually from 06/27/02 to 47,78 07/01/02 APN 772- 310 -014 TITLE CHARGES ALTA Owner's Policy - (ALTA Ptn) for $42,500,000.00 6,375.00 Spec Endorsement to ALTA Owner's Policy 3,400.00 ESCROW CHARGES Escrow Fee 6,862.50 Courier Fees 20.00 Page 2 Date: June 27, 2002 Page 3 Escrow No: 140678 -LRC BUYERS REFUND TOTALS 3,932.92 $ 42,523,221.52 SAVE THIS STATEMENT FOR INCOME TAX PURPOSES $ 42,523,221.52 1 Fidelity National Title La Quinta Redevelopment Agency Attn: Mr. Mark Weiss 78 -495 Calle Tampico La Quinta, CA 92253 Dear Mr. Weiss: Company DATE: July 18, 2002 ESCROW NO: 140678 -LRC PROPERTY IDENTIFICATION: The Ranch, La Quinta, CA In connection with the above - referenced closed escrow, enclosed herewith please find the following: 1. Buyer Final Closing Statement. 2. Fidelity National Title Company Check No. 006700 in the amount of $3,932.92 which represents a refund due you. 3. Conformed copies of the following documents which were recorded at closing: a) Notice of Option to Reject Annexation into PGA West (Master Association); b) Notice of Option to Reject Annexation into PGA West II Residential Association; c) Agreement Containing Covenants Affecting Real Property; and d) Grant Deed. 4. Original Non- Foreign Affidavit executed by the Seller. 5. Original California Form 597 -W executed by the Seller. 6. Duplicate Original executed Estoppel Certificate. 7. Original fully executed (in counterpart) Assignment of Lease. 8. Original fully executed (in counterpart) Temporary Right of Entry Agreement. Please be advised that your Policy of Title Insurance will be forwarded to you under separate cover either direct from the title department or from escrow upon our receipt of same. Should you have any questions regarding the enclosed or need anything additional, please do not hesitate to contact the undersigned. Sincerely, isa R. Conlin, Vice President Regional Escrow Manager /Irc Enclosure(s) cc: Rutan & Tucker - Attn: M. Kathleen Jenson (w /copies of all enclosures) 7344 Magnolia Avenue, Suite 275 • Riverside, CA 92504 • (800) 940 -7794 • FAX (9091637-1935 Fidelity National Title Company WELLS FARGO BANK, N.A.' 006700 I 1 :ESCROW TRUST -MAJOR ACCOUNTS 972 -01 7344 Magnolia Avenue, Su9e 275 1124/4210 Riverside, CA 92504 - (800) 940 -7794 ESCROW NO. CQG7n II:C ,Tune 27' 0 PAY DOLLARS$ *3 932..92* 1'E)RE,I; TI O USAND NINE, ITUNDRED TITTR71- 1- NO,AND T E Li' Quitita Redeve1Ol6,--nt Agency ESCROW TRUST ACCOUNT ORDER ,Attn:Mr. Mdrk Weiss VOID AFTER 90 DAYS OF ,. . , O SIGNATUR S REQUIRED 7E 4ri5.Calle Tar {l>crA ( Qul nta, CA 92-253 6700 11. 24 00670011' 1:1 2 1000 81:.4. 6 4079• 1,RC Fidelity National Title Company ESCROW TRUST - MAJOR ACCOUNTS 972,01 DETACH AND RETAIN THIS STATEMENT 006700 THE ATTACHED CHECK IS IN PAYMENT OF ITEMS DESCRIBED BELOW. IF NOT CORRECT, PLEASE NOTIFY US PROMPTLY. NO RECEIPT DESIRED. C,-AwLy # /Branch #: (j093/0005 Check Nu: G700 Gscrow Nuud)er: 14067E -LRC RAte: 06/27/02 Ameek $36700 2 DLlycl- . I..' QO.11lt�l F.edacelulxnerit Agency. Seller : KSL Lama Holdings, Inc. r,,,.vccty: The Ranch, La Quinta, CA Buyer(s) R.:•fw,d RECEIPT city of La RECEIVED FROM ADDRESS FOR [.RC 78-495 Calie Tampico, P. O. B x 1504, La Quinta CA 92253 "A _ r . .47%/4�,07_,63819 DOLLARS $